U.S. Economic News

October 9, 2020

U.S. News

The Wall Street Journal reports that despite U.S. tariffs and the global economic downturn, Chinese exports to the U.S. have increased in recent months as American companies import more coronavirus-related products such as PPE and work-from-home equipment. Virus-related products were responsible for two-thirds of Chinese export growth in July and August, bolstered by China’s ability to more quickly bring manufacturing capacity back online relative to other pandemic-hit countries. WSJ

According to the New York Times, the rising popularity of curbside pickup is yet another example of how major U.S. retailers are adapting their business models to survive the pandemic in the age of e-commerce. Curbside pickup accommodates Americans’ preference for driving to stores while allowing traditional retailers to maintain their workforces by converting stores into mini fulfillment centers. NYT